MUMBAI: Federal Bank has invited applications for the Hormis Memorial Foundation Scholarship for the academic year 2023-24. The scholarship is a part of the bank’s CSR initiatives and is dedicated to the memory of the bank’s founder, Late Shri K P Hormis. The scholarship is open to students pursuing MBBS, Engineering, BSc Nursing, MBA, and BSc Agriculture, including BSc (Hons) Co-operation & Banking with Agriculture Sciences conducted by Agriculture Universities. The annual family income of the applicant should be below Rs.3,00,000/-. Children of armed forces personnel who gave up their lives for the nation will be considered under a separate channel, and the family income stipulation does not apply to students falling under this category.
Students applying for the scholarship should have secured admission for the first year under merit in Government/Aided/Government Recognised Self-financing/Autonomous colleges during the academic year 2023-24. The scholarship is open to students belonging to the states of Kerala, Tamil Nadu, Karnataka, Maharashtra, Gujarat, and Punjab. One seat in each discipline will be kept aside for physically challenged students, and additionally, will include a category for Speech/Hearing/Vision impaired students, which shall be duly evidenced by a certificate issued by a Medical Officer, not below the rank of DMO or an approved Medical Officer of the Bank.
Ajith Kumar K K, Chief Human Resources Officer, Federal Bank, said, “Our commitment to education, especially vocational avenues, is a beacon for those wrestling with financial constraints. We’ve been catalysts for dreams, ensuring students not only complete their courses with our backing but also step into a world of meaningful employment.“
Selected students will be reimbursed 100% of tuition fees and other educational expenses paid as per the fee structure of the college, subject to a maximum of Rs.1 Lakh per year. The last date for online application is 17.12.2023. For more details, please visit https://www.federalbank.co.in/corporate-social-responsibility.
Federal Bank is a leading Indian private sector bank with a network of around 1408 banking outlets and 1,935 ATMs/Recyclers spread across the country. The bank’s total business mix (deposits + advances) stood at Rs.4.26 Lakh Crore as of 30 September 2023. Federal Bank has Representative Offices in Dubai and Abu Dhabi that serve as a nerve center for Non-Resident Indian customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City).
 Co-operation & Banking with Agriculture Sciences conducted by Agriculture Universities. The scholarship covers 100% of tuition fees and other educational expenses paid as per the fee structure of the college, subject to a maximum of Rs.1 Lakh per year.){kind=link}